The price of petrol and diesel is being cut for over the past month, since they hit all-time highs on October 4. Check out how much it costs in India and around the world.

Fuel prices have cooled down from their October 4 record highs. The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: All price comparisons are on rupee terms only. Global rates as of November 19, 2018 - Image: Reuters)

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Venezuela | Believe it or not, but a litre of petrol in the South American country costs a paltry Rs 0.71 per litre. In India, it costs over 100 times. | Image shows a corporate logo of state-owned oil company PDVSA at a gas station in capital Caracas. (Image: Reuters)

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Sudan | Cost per litre - Rs 9.20 | Young men work at a collection point for used oil in the capital Khartoum. (Image: Reuters)

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Iran | Cost per litre - Rs 20.53 | A gas flare at an oil production platform is seen in the Soroush oil fields alongside an Iranian flag in Iran. (Image: Reuters)

Algeria | Cost per litre - Rs 24.78. A Naftal billboard shows prices at the entrance of the fuel station in the highway of Algiers, Algeria. Mentioned below are five countries where petrol prices are the highest. (Image: Reuters)

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Italy | Prices have soared to become the most expensive at Rs 131.68 per litre. Tourists walk in Via dei Condotti street in downtown Rome. (Image: REUTERS)

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Wallis and Futuna | The tiny island off the coast of Australia has one of the most expensive rates for petrol in the world. A litre of petrol costs Rs 133.10 per litre. (Image: Wikimedia Commons)

Pakistan | The cost of petrol is relatively lower at Rs 51.68 per litre. The country stands at rank 28 among the 167 countries where petrol costs less. | Pictured here is the logo of Pakistan State Oil in Peshawar. (Image: Reuters)

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India | Petrol prices have declined in Mumbai to Rs 79.62 a litre and Rs 72.13 a litre for diesel as of November 19. This was a sharp drop since October 29, when it was available for Rs 85.24 per litre. India currently occupies the 80th spot in global rankings. (Image: Reuters)